POSCO

India’s current account deficit rose to 4.8% of GDP in 2012–2013, largely financed through hot money flows, and exceeded the government’s target level of 2.5% to 3% of GDP.

In this article, we’ll look at ArcelorMittal’s 1Q17 cash flow and leverage positions. As of the end of 1Q17, ArcelorMittal had net debt of $12.1 billion.

ArcelorMittal’s (MT) subsidiary ArcelorMittal India Private Limited has made a bid to acquire troubled Indian steelmaker Essar Steel.

ArcelorMittal (MT) reported revenues of $17.7 billion in 4Q17. The company posted revenues of $17.6 billion in 3Q17 and $14.1 billion in 4Q16.

Generally, steelmaking raw materials and steel prices tend to move in tandem. Steel prices react to changes in raw material prices and vice versa.

In this series, we’ll look at the top ten companies in the global steel industry based on steel production, steel consumption, and steel imports.

Because China is the world’s largest steel consumer, it’s important for investors in companies such as U.S. Steel, ArcelorMittal, POSCO, and Gerdau to keep track of the Chinese steel industry.

In 2Q16, ArcelorMittal’s Mining segment generated an EBITDA of $163 million as compared to $98 million in the sequential quarter.

China produced 70.5 million metric tons of steel products in May 2016, according to data released by China’s National Bureau of Statistics.

May is turning out to be a rough month for steel companies as concerns over the health of the world’s second-largest economy have resurfaced.

PRASX has existed since September 1990 and has an expense ratio of 0.94%. A minimum of $2,500 is required to invest in this fund.

FuelCell Energy (FCEL) relies heavily on its strategic partners for its financing needs through revolving credit facilities.

FuelCell Energy (FCEL) reported total revenues of $51.5 million for fiscal 4Q15 compared to $54.4 million for fiscal 4Q14.

Chinese steel prices have continued to slide in November. Chinese steel mills lost $35 per ton on average in 3Q15.

May construction spending data, released on June 1, came in at a SAAR of $1.04 trillion. This is the second straight month where construction spending has passed $1 trillion SAAR.

China’s real estate climate index has fallen every month but October since February 2014. The index dipped to 92.43 in May, a new multi-year low.

In the latest reading in March, total construction spending increased 2.2% on a YoY basis. However, it declined slightly from February.

Steel scrap prices tanked by more than 25% in February. This helped mini mills. They were at a competitive disadvantage due to the decline in iron ore and coal prices.

March housing starts declined 3.5% on a YoY basis. In February, housing starts dropped by 2.3%. The data was released on April 16. It was lower than expected.

The construction sector accounts for more than half of China’s steel demand, as it uses steel products like rebars, decks, and joists.

Edwin Basson, the Director General of WSA, expects another 400 million tonnes of steel demand—led largely by India (EPI).